TALEN ENERGY CORP. overview

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen”) ( NASDAQ: TLN ) released the following statement today in response to the Federal Energy Regulatory Commission (the “FERC” or “Commission”) order on Talen’s request for rehearing, which seeks reconsideration of the Commission’s November 1, 2024, order rejecting amendments to the Interconnection Service Agreement between PJM Interconnection, L.L.C., PPL Electric Utilities Corporation, and Talen...

HOUSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) ( NASDAQ: TLN ) announced today that the Company has closed on several financing transactions (the “Transactions”) that improve the Company’s debt structure and financing cost. The Transactions include: (i) repricing the Company’s existing $700 million revolving credit facility (the “Revolver”) to reduce the current interest rate margin by 100 basis points (to SOFR plus 200 basis...

HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) ( NASDAQ: TLN ) announced today that the Company has closed on its previously announced $850 million incremental Term Loan B credit facility (the “Financing”) and the repurchase (the “Repurchase”) of an equivalent value of shares of Talen’s outstanding Talen common stock, par value $0.001 per share (“Common Stock”) from affiliates of Rubric Capital Management LP (collectively,...

HOUSTON, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN ) announced today that the Company has upsized its previously announced incremental Term Loan B credit facility from $600 million to $850 million (the “Upsize”). As previously announced, the Company has executed an agreement to repurchase at least $600 million in aggregate purchase price of shares of its outstanding common stock (the “Repurchase”) from affiliates of Rubric...

HOUSTON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) ( NASDAQ: TLN ) announced today that the Company has launched an incremental Term Loan B credit facility (the “Financing”) that will increase the principal Term Loan B balance under its credit facilities from $859 million to approximately $1.459 billion. The Company also expects to replace its existing Term Loan C facility with a new letter of credit facility. The Company has concurrently...

Earnings Release Highlights GAAP Net Income (Loss) Attributable to Stockholders of $168 million for the third quarter 2024 and $916 million year-to-date. Adjusted EBITDA of $230 million and Adjusted Free Cash Flow of $97 million for the third quarter 2024; year-to-date Adjusted EBITDA of $606 million and Adjusted Free Cash Flow of $262 million. Raising and narrowing 2024 guidance ranges: Adjusted EBITDA of $750 to $780 million and Adjusted Free Cash Flow of $265 to $285 million. Reaffirming 2025...

HOUSTON, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") ( NASDAQ: TLN ) released the following statement in response to Friday’s Federal Energy Regulatory Commission (the “FERC”) order rejecting the amended Susquehanna Interconnection Service Agreement (“ISA”) between PJM Interconnection (“PJM”), PPL Electric Utilities (“PPL”), and Talen which would increase co-located load capacity at Talen’s Susquehanna nuclear power generation facility from 300...

Reflects Update to Previously Announced Date to Accommodate Schedules in the Investor Community, New Event Links Included HOUSTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") ( NASDAQ: TLN ) plans to release its third quarter 2024 financial results on Thursday, November 14, 2024, before market open. President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call at 10:00...